Overview
- SOL trades around $90–$94 after a push to $94, with the $92–$95 band flagged as the pivot that could open $100–$110 on a breakout or pull price back toward $85 on rejection.
- Spot Solana ETFs saw renewed demand this week, including roughly $19 million on Mar. 4, followed by a $6 million net outflow on Mar. 5 after more than a month of consistent inflows.
- Since launch, U.S. Solana ETFs have amassed about $1.5 billion in net inflows, with roughly half from institutional investors based on 13F filer data.
- Network activity strengthened as weekly transactions rose about 19% to roughly 910 million and February stablecoin transfers were reported near $650 billion, the highest monthly total on any chain.
- Derivatives interest increased into resistance, with volume up about 13% to around $17 billion and open interest near $5 billion, while whales remained active in the $78–$90 range with $78 as a key support.